Jedis aren’t the only ones with the magic and every religion’s lore is presented as real so I think yes

It’s technically different

(which is the best kind of different)

William Rehnquist had a speaker installed in his private bathroom and the last couple of years on the court, he would suddenly disappear from the bench during oral arguments, but never worry, he could still hear them arguing on his special toilet speaker before making decisions that would affect hundreds of millions of people.

There is some delicious irony in 100+ Thomas clerks signing an opinion that ignores the actual issue, reaches a pre-determined conclusion based on their preexisting support for the guy, and gives no logical or objective reason why you should agree.

I am just trying to protect fearful women from you, including your hate filled, slur-ridden speech. And if you want me to call you a racist too, OK, you are racist too. All the more reason for all of your devices to be kept away from you, for the protection of all those women of course. You can deny your Klan status all you like, but when you parrot alt-right talking points, and double down on slurs (also, they taught us to stop using r****d like 30 years ago, what chatbot planet do you live on where that’s OK?), we surely won’t take your word for it. Again, you don’t understand that people are really afraid of you, so it is better to err on the side of caution and protect everyone from you. You may not feel like you are dangerous, but aren’t you the worst person to judge your potential danger to others? Again, I am just here to protect women and apparently the mentally disabled and probably the Jews from you, so please stay off the internet until the rest of us decide you are not a threat. It will just be a few decades, surely you don’t mind.

I didn’t call you racist. So far your bigotry has been anti-trans and anti-disability. I fear you may be antisemitic too, since that is sort of the historic formula that people like talking about so much. And now you use anti-trans slurs on top of your anti-disable slurs. If it sounds like a bigot. But this is all a waste of time. Didn’t we already establish that women are uncomfortable sharing the internet with you and, therefore, you should not be allowed here anymore? Why are you still posting all of your vile hate?

Doubling down on the hate speech I see. Is this your programming glitching? I’ve heard AI has trouble when the conversation goes more than a couple of lines, but I didn’t know it went into full on KKK mode. At least, I hope you are AI, given how easy it was to get you to show some true hateful colors.

Removed by mod

I already said others might not feel safe if you were allowed to use electronics, yet here you are again, completely insisting on using this site despite the harm you may cause. We should probably get law enforcement involved at this point, just so these people I imagined might be afraid can be safe. They can forcibly take away your computer and phone while the rest of us figure this out. Sure, you think there is a massive difference, but that is just something someone dangerous like you would say to trick them. More proof that you need to remain banned from participation.

I’m worried women with traumatic pasts are afraid of Tb0n3 using the internet, so I think we should ban Tb0n3 from using the internet to make these unnamed women feel less afraid. In fact, we take away all of Tb0n3’s access to any electronic devices while we figure this out. We have to do it to keep women safe.

I really appreciate that. As part of my unredditing process and knowing we are trying to make this place better than what Reddit became, I really want to give civility and open back and forth as much of a chance of catching on as possible. NFTs ate something that have been eaten up by this overwhelming hype and anti-hype machine. I think, like most software solutions, that they will find a good niche in appropriate systems and, like most things, once they are implemented, most people won’t even realize they are using it.

In this case, the NFT would only be issued by the actual issuing company or its agent. This is how it works today but instead of NFTs it is paper certificates or, worse, a ledger entry why the issuing agent that is then confirmed with the centralized shared deposit uprise which actually owns most of the real shares. In most cases, especially in the trading platforms where you can execute free trades, you are just a beneficial owner and not an actual owner of the underlying security. With an NFT there would be no need for beneficial ownership at all anymore. It’s not the only way to do it, it’s just a utility like the others you mentioned, but it is a legitimate use case.

The idea is that this would be the software used to run the actual transfer of shares traded on the exchanges rather than what is used today which is just closed ledger entries on books of all the participants. But the current manual process takes multiple days to settle each transaction and this would be instantaneous, and in one transparent distributed ledger.

I mean, there are still some pretty massive structural issues in society at large against these groups even though women in some workplaces are having a better time.

You are right on. The idea of artificial scarcity is a scam. I replied to someone a little higher up about the securities use case, but the short version of that is, for things like stock in a company, stocks are already scarce (there are only as many shares as the company issues - or there is only supposed to be that many). It’s the scarcity of the underlying asset, not the “digital” aspect of it, that creates value. Each share is issued by the company as a single NFT token and there are only as many NFTs as they issue shares.

You wrote all that out and didn’t really think about what you wrote, because you actually proved my point. Yes, they are the same thing, but the difference is one has no value (a digital picture of a monkey) and one has value (a stock in, say, Apple). UNLIKE FTX - the tokenized securities that would be verifiable would be issued directly by the company, so each stock the company issues is done so as an NFT token. You can verify whether it is the company’s actual stock or not because it is an NFT, so it would be traceable all the way back to the company and its initial issuance.

Consider what it is like buying one share of Apple today. Think about it. If you buy one share of Apple from Schwab or something, how do you know you actually received on share of Apple? It says you have one share on the Schwab site, but you are just taking their word for it, and they are taking their brokerages word for it, and they are taking the market makers word for it, and they are taking . . . . In fact, in most cases you don’t even own that stock (you can find out based on how you are taxed when the company issues a dividend - if it is a qualifying dividend, but you owe normal income taxes on it, congratulations, you never even owned the share). Our entire current “mainstream” stock market is based on beneficial ownership, which is the biggest “trust me bro” in history.

However, if the transaction was done on an open, distributed ledger, it is wholly verifiable. NFT goes directly from company to each owner and the entire transaction history is visible, verifiable, and instantaneous.

It’s called a metaphor. We use them to illustrate things people are not familiar with with references to things they may be familiar with. I don’t really get why you won’t really engage with what I’m saying and just want to “nuh-uh” everything. I don’t own or trade in NFTs, and never have, and definitely think both they are blockchain have been overhyped, just like AI is being overhyped right now, but that does not mean that there aren’t actual, real world uses for these things that are major improvement over how things work now. The unsexy use cases for NFTs (using them for things that are currently traded or otherwise transferred digitally with manual, disconnected, and/or opaque back-ends) is likely the one that will endure, just like everything else.

There are tons of people (actual serious people, not like SBF) working in this space and building these things now, so they are definitely more than theoretical, but they are not at the mass adoption stage.

And no offense, but this response has echoes of people saying federation would never work. But it’s just a different utility to accomplish similar goals to centralized forums. And when the old-fashioned, centralized alternatives really start to self-destruct because of their inherent flaws, the merits of the decentralized version become more obvious.

I’m actually pretty shocked that Lemmy/the Fediverse beats the same tired old drums about NFTs (ape jpegs being the most obvious), since they are red herring arguments. A tokenized jpeg has no value because a jpeg has no value. A tokenized security has the value of the underlying security. The token is just there to eliminate the need for accountants since the open ledger shows its work and the entire chain of custody.

There is a lot of talk, for example, in the sustainability space where things like emissions allowances, carbon offsets, etc. are traded the old fashioned way where a digital ledger using NFTs would be both instantaneous and transparent/easily auditable.

But the most obvious example is security exchanges, e.g. stocks, bonds, etc. (which would be a massive threat to the existing financial institutions) because it could allow for instantaneous settlement and fully transparent markets.

HUGE HOWEVER, not all NFT systems would be equally useful for that kind of thing. What we saw with FTX, for example, was a blockchain exchange for tokenized securities where the blockchain aspects served no real useful purpose - it was a centralized, controlled, opaque use case. The distributed ledger model (which I think casual observers of blockchain assume all blockchain systems are) can correct for those failures. I personally think part of what made the FTX story so big was a combination of moves by major financial market players to get out in front of tokenization of securities by created the existing system again but with a blockchain coat of paint on top that then failed under its own scam at lightning speed which then gave the ammo to a whole “blockchain a scam, NFT an even bigger scam” narrative. They are just software utilities that can be used effectively or not just like any others.

Whenever I see someone identify a jpeg as an NFT, or put SBF’s face on a news story about it, I think about how successful the astroturfing of these narratives has been.

Basically anything that is currently traded on any digital or quasi-digital exchange but relies ultimately on a paper/manual backend.